Sentences with phrase «crude prices from»

Not exact matches

In addition to the underperformance from the energy sector after U.S. military strikes in the Mideast, big oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price of crude oil, have also trailed the market.

Amid these indicators, traders are taking measures to protect themselves from a potential fall in crude prices.

The spot price for Brent Crude has recovered from a mid-January low of US$ 27.19 to just above the US$ 50 mark.

Downstream companies make money on the difference between the price of crude and the price of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship more oil, earn more money).

When prices rise, the companies that do best are explorers and producers (E&P), which get most of their revenue from selling the crude they extract.

For example, refining margins tend to expand when oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers at the pump.

With the widened spread in oil prices between Edmonton and tidewater, however, rival customers from Washington, California and Asia are now fighting over the cheaper Canadian crude.

As the oil sector becomes increasingly focused on margins, Parex benefits from the low costs in that country, without the market access problems that impose a discount on crude prices in Western Canada.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

They argue that possible sanctions on the Venezuelan energy sector would harm the U.S. industry, and cause it to scramble for heavy crude supplies from elsewhere, which would result in higher fuel prices for consumers.

Kotok has seen crude price estimates over the next five years that range from US$ 220 to US$ 30.

But after the bust comes the boom: Expect soaring crude prices later this decade as demand from fast - growing Asia collides with greatly diminished supply — a classic bust - boom cycle with which the oil industry was all too familiar 100 years ago but may have forgotten since.

Production from shale has helped keep a lid on crude oil prices at about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.

Both price rises helped recoup some of their losses from Thursday, when investors worried that the storm would force refineries to temporarily stop processing crude oil, leading to excess supply.

Although much of the recent drop in oil prices has been due to the prospect of higher exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored oil is essentially a short - term factor, and its influence on crude prices should logically pass quite quickly.

One of the potential unintended consequences of a US exit from the Paris accord could be a change in OPEC's current strategy of production cuts to drive crude prices higher.

Even as the oil producers themselves could struggle with weak crude prices, both National Oilwell Varco and US Silica are set to win from the growth in production spending in the near term.

The price of a barrel of West Texas Intermediate (WTI), a benchmark for so - called light sweet crude oil, tumbled from its June high of $ 108 to a low in January of $ 44.

Oil prices eased from recent highs with Brent crude futures off 94 cents at $ 73.70 a barrel, while U.S. crude lost 67 cents to $ 67.43.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

The U.S. fuel margin decreased 17 per cent to 15.66 cents per gallon driven mainly by the volatility from a rapid rise in crude oil prices in the quarter.

But Alberta heavy oil is sometimes fetching as little as half the world price due to the competition from U.S. - produced shale oil and a shortage of pipelines to get the crude to the coasts and other refining markets.

Prices for crude oil, the world economy's most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday in its annual outlook for the global energy market.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

Prices were pulled down by a report from the U.S. Energy Information Administration (EIA) on Wednesday showing U.S. crude inventories jumped by 6.2 million barrels to 435.96 million barrels in the week to April 27, marking a 2018 high.

That's lower than the prevailing price in 2015, when the Bank of Canada dropped its policy rate to 0.5 % to counter the blow from the collapse of crude prices.

Sinking crude prices hit oilfield services provider Baker Hughes early this year, and it subsequently cut 7,000 employees from its payroll.

Second, it takes time to ship the oil from the hub (where crude prices are set, say, Cushing, Okla., or Edmonton) to the refinery, to store it, to refine it and finally truck it to retailers.

CALGARY — Suncor Energy Inc. (TSX: SU), known for its huge presence in Alberta's oilsands, is reducing its workforce by 1,000 and cutting $ 1 billion from its capital budget as the company grapples with plummeting crude prices.

Crude oil prices fluctuated, with WTI crude oil futures ranging between $ 44 and $ 49 per barrel and Brent crude oil prices ranging from $ 50 to $ 54 per baCrude oil prices fluctuated, with WTI crude oil futures ranging between $ 44 and $ 49 per barrel and Brent crude oil prices ranging from $ 50 to $ 54 per bacrude oil futures ranging between $ 44 and $ 49 per barrel and Brent crude oil prices ranging from $ 50 to $ 54 per bacrude oil prices ranging from $ 50 to $ 54 per barrel.

While I was cautiously optimistic that this might happen, I suggested in December that the lack of industry competition would likely prevent fares from following crude prices lower.

During that time period, crude prices retreated from nearly $ 150 a barrel to, briefly, below $ 40.

Oil prices, which have recently received some support from reports about discussions of another possible extension of the OPEC production cut deal, remained stable following the release of the EIA report, with WTI trading at US$ 48.75 a barrel and Brent crude at US$ 54.62 a barrel.

The oil industry might have taken a hit from falling crude prices, but the Texas economy has proven resilient.

But the refinery making that gasoline is sure making a lot more money when it uses bitumen from Alberta than when it has to pay world oil prices for its crude.

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

Over the past five years the price of west Texas crude, the primary American benchmark for oil, has yo - yoed from US$ 60 a barrel to US$ 145 in 2008, all the way back down to US$ 30 during the recession, then up again to US$ 114, before settling this year around US$ 100.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

As for consumers, it bears asking whether they're really any better off paying high prices for oil that's pumped close to home versus crude that's imported from overseas.

But by the time MPs actually get around to holding hearings several months from now, the price of crude may well have fallen to the point that this most recent bout of pain at the pumps will have been forgotten — or it may have soared so high that the only affordable way anybody will be getting to Parliament Hill is by bicycle.

Additionally, crude oil prices plummeted from $ 147 per barrel to $ 32 per barrel in less than six months.

«Extraction from the Canadian oil sands continues to grow and with crude oil prices back above $ 70 (U.S.) a barrel, new greenfield projects and previously shelved expansions are once again starting to become viable,» wrote senior currency strategist Matthew Strauss.

LONDON (Reuters)-- Banks» metals - related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.

With crude oil prices down sharply from last year and the oil glut at risk of increasing, private security consultant Charles Clifton's phone has been ringing.

Signs of global economic turmoil are being seen from falling stock market and crude oil prices to the weakest Canadian dollar since 2004.

Joining a list of banks cutting their price forecasts, Goldman on Friday reduced its 2015 U.S. crude oil estimate to $ 48.10 a barrel, down from $ 52.

Earlier this year, for instance, Western Canadian Select, the benchmark price for bitumen from the oil sands, traded at nearly half the price of Brent crude.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

The example of crude oil alone shows how the U.S. makes money by buying a product from its NAFTA partners, processing it, and selling the finished product at a higher price.

Since then, adverse weather has limited prospects for crop supplies more than the government expected, and crude oil is up 42 percent from a year earlier, putting more pressure on agricultural prices, Hart said.